Janvey v. GMAG, LLC

The Fifth Circuit granted a petition for panel rehearing and vacated the original opinion, substituting this opinion certifying a question to the Supreme Court of Texas: Is the Texas Uniform Fraudulent Transfer Act's "good faith" defense against fraudulent transfer clawbacks, as codified at Tex. Bus. & Com. Code 24.009(a), available to a transferee who had inquiry notice of the fraudulent behavior, did not conduct a diligent inquiry, but who would not have been reasonably able to discover that fraudulent activity through diligent inquiry? View "Janvey v. GMAG, LLC" on Justia Law